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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: MMM Mule who wrote (17386)	3/9/2001 3:02:43 PM
From: BigTex	Read Replies (3) \| Respond to of 19297

GOLD FEVER!!!!! Message 15432480

To: MMM Mule who wrote (17386)	3/12/2001 11:15:21 AM
From: Skycat	Read Replies (2) \| Respond to of 19297

Looks like you got your wish on CSCO... Monday March 12 10:59 AM ET Stocks Sink, Pushing Nasdaq Below 2,000 NEW YORK (Reuters) - Stocks spiraled downward in mid-morning trading on Monday, driving the Nasdaq composite further below the 2,000 mark, after computer networking giant Cisco Systems Inc. (NasdaqNM:CSCO - news) injected another dose of gloom into the market by proposing steep layoffs in the economic slowdown. The technology-laden Nasdaq index (^IXIC - news), which rocketed to record high of 5,048.62 a year ago, tumbled 83.84 points, or 4.08 percent, to 1,968.94. The last time the Nasdaq traded under the 2000 mark was Dec. 16, 1998, and the last time the once mighty index closed below 2000 was Dec. 14, 1998. The Nasdaq now is down more than 60 percent from its March 10, 2000 record high as profit warnings mount in the flagging economy. That drop surpasses its drubbing of 59.9 percent during the 1973-74 prolonged bear market. The blue-chip Dow Jones Industrial average (^DJI - news) dropped 182.84 points, or 1.72 percent, to 10,461.78. The broader Standard & Poor's 500 Index (^SPX - news) fell 26.95 points, or 2.18 percent, to 1,206.47, after closing at a nearly two-year low on Friday. Cisco, the world's No. 1 maker of networking equipment for the Internet, dropped $1-15/16 to $18-11/16 in frenzied trading and drove the Nasdaq lower. The stock slid to $18-19/32 early, a low not seen since early December 1998. Email this story - View most popular \| Printer-friendly format Earlier Stories Stocks Swoon, Sending Nasdaq Below 2,000 (March 12) Stocks Buckle, Nasdaq Breaks Below 2,000 (March 12) Cisco Adds to Market's Gloomy Outlook (March 12) Stocks Set for Weak Opening (March 12) No Pot O' Gold Seen on Wall Street (March 11) Stocks Bloodied Year After Nasdaq's Peak (March 9)